It is casual for usd/cad to retrance, but I think now its time to break the range and move in one direction. I have strong bearish bias on this pair. I am waiting for a break of the range at 1.35 and a retest to confirm a down move to 1.34 and then probablly 1.332. Moving averages crossed on 4h and daily and we are trading below them. #tradesafe #theforexdaddy #tfd
Team breaking out of box and 185 levels. I will enter above 189 keeping 180 as SL for a target 210-214 levels It has taken support at 50EMA. Being within channel it could also be held until channel low is broken. But i am not much fan for holding a long time.
Cameco consolidating, potential box-breakout, jump above $11.10 is a buy... Meanwhile, commodities across the board are bid, CPI surprised to the upside today in the US, crude oil CL2 is right on key resistance as well.
Last week we were watching for a breakout higher . Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected. The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if...
Watching for Breakout AUDCAD has made a huge rebound higher before making a sideways move in more recent times. As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern. If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue. This could also pave the way for...
POSITION TRADING ON THE BACK OF A 6-WK CONSOLIDATION WITH 38% PRICE RETRACEMENT. OBSERVE VOLUME ACCELERATION FOR TRADE ENTRY CONFIRMATION.
$BOX broke $21.08 out which the buy point for "cup" pattern. The volume is super!! 12 months Consensus Price Target: $20.4 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Hello people. I keep it short and simple today! Oil is in a box at the moment. If you look closely at the moment of March 20, it seems that we are going to experience the same moment now, There is a good chance that we will drop back to 21. There is a small retest where the first high came in around 27.30, so I'm going short! Stops just above the highest...
based on the previous candle stick and fibbonacci it shows a sell but a pure confirmatin would be a break of the box whichever direction.
I am nervous about this reversing to the downside since it's on the end of several 5 wave counts but if it makes 3 point box shape with the wxyxz pattern then the right corner around 24 would be a good spot to scalp long. Since you have two other points to define the bottom of the box it allows for a small stop to be used and even though the target is close by at...
load zone for bulls 15.00-15.50 TP1 40% upside TP2 50% upside. update brought to you by projectsyndicate other ideas you may like B barnes group inc D1 short into resistance 25%
Price created nice swing failure pattern in a monthly demand box followed by inside bar in a inside bar with a upside break.
I am looking forward this week for short opportunities on EUR/JPY pair. Waiting for a potentiall bearish break of the box and a retest with any candlestick pattern to continue the downtrend. Target: 118.235 #tradesafe
Posted this chart in the troll box. Was told to "Stop eating dog food". Consequently i'll never interact with that abhorrent mechanism of dialogue ever again.